what are the difference between common size and comparative balansheet ? explain.......... plz
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1. A Comparative statement is a financial statement that shows the financial position at different periods of time. ... A comparative statement shows absolute figures and its changes, absolute data in terms of percentage and its changes.
2. Common Size Balance Sheet' A common size balance sheet is a balance sheet that displays both the numeric value and relative percentage for total assets, total liabilities and equity accounts
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